Word: krupps
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Alfried was ten when he first went through a Krupp steel plant. At 17 he graduated with high grades from the nearby Bredeney Realgymnasium, a month later started work as an apprentice at the Krupp works in Essen. He had to leave Villa Hügel on his motor bike at 6 a.m. to get to the shop in time, once had his name put up on the plant's "lazy list" for being late. After his father decided that he should study steelmaking, he was shipped off to the Munich Polytechnikum -his first departure from home-later finished...
Kruppianer Spirit. Krupp was confident from the first that his prison sentence would be reduced. In 1951. having made an investigation of Krupp's war guilt. U.S. High Commissioner for Germany John J. McCloy commuted the sentences of Alfried and his directors to time already served. Said Lawyer McCloy: "I can find no personal guilt in Defendant Krupp, based upon the charges in this case, sufficient to distinguish him above all others sentenced by the Nurnberg courts." He therefore ordered Krupp's property returned to him though Krupp later had to sign the Mehlen Accord which split...
...began rebuilding the Krupp empire as soon as he was permitted to return to his Essen headquarters. To finance the comeback, he dug out the firm's accumulated deposits from still-existing bank accounts, borrowed upwards of $17 million from commercial banks, used the $2,600,000 that he (and each of his brothers and sisters) got from the Allied sale of Krupp properties. With the help of this capital and generous tax write-offs from the West German government, Krupp had spent some $40 million in plant rebuilding by 1955. Since 1954, the firm has been making...
...road back was not entirely rocky. Since 40% of the plant remaining after Allied bombings had been dismantled and shipped all over Europe, the Krupp firm was able to rebuild with modern equipment that produced faster, better and more cheaply than its old equipment, then being used by the British, French and Russians. Even more important were the thousands of Krupp workers whose loyalty to the firm drove them to frenzied efforts to rebuild. This "Kruppianer spirit" was the fruit of a cradle-to-grave system of social security started by the company more than 100 years...
Circus Manager. To help him in the task of reconstruction, Alfried Krupp picked a deputy in startling contrast to himself and his tradition. "When I came back from prison," says he, "we had become a machinery and trading company, deprived of our traditional steelmaking role. We needed new blood, a new approach, a fresh policy. I decided we should start looking for a man who did not know steel." Krupp found his man in 40-year-old Berthold Beitz, the breezy general director of the Iduna-Germania Insurance Co., who had boosted his company from 16th to third place...